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Wednesday, May 8, 2013

City Harvest Church trial to continue on 15 May

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http://news.xin.msn.com/en/singapore/state-of-play-of-upcoming-city-harvest-church-members-trial#scpshrtu

On 15 May, all eyes will be on one of the country's most-anticipated trials involving six key members of City Harvest Church.

The six, including founder Kong Hee, are accused of misappropriating millions of dollars to fund the music career of his wife, Sun Ho.

In May 2010, the Commercial Affairs Department launched investigations into certain financial transactions of City Harvest Church.

In June 2012, five of its church leaders were charged in court.

They were - president of the church's management board Kong Hee, vice-president Tan Ye Peng, board member John Lam Leng Hung, investment manager Chew Eng Han and finance manager Sharon Tan Shao Yuen.

In July 2012, finance manager Serina Wee Gek Yin became the sixth member to be charged.

The six leaders are accused of committing criminal breach of trust.

Kong Hee, John Lam, Chew Eng Han, Tan Ye Peng and Serina Wee allegedly misused church buildings funds amounting to S$24 million by channelling the money into two companies, Xtron Productions and PT The First National Glassware (Firna), as bond investments.

The misappropriation allegedly took place between January 2007 and October 2008.

Chew Eng Han, Tan Ye Peng, Serina Wee and Sharon Tan are said to have misappropriated some S$26 million to cover up the first sum.

The same four church leaders also face four counts of conspiring to falsify accounts, said to have happened between April and October 2009.

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